Analysts Anticipate Columbia Sportswear (NASDAQ:COLM) to Post $0.86 EPS

Analysts forecast that Columbia Sportswear (NASDAQ:COLM – Get Rating) will report $0.86 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Columbia Sportswear’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $1.01. Columbia Sportswear posted earnings of $0.84 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Columbia Sportswear will report full year earnings of $5.76 per share for the current year, with EPS estimates ranging from $5.67 to $5.80. For the next fiscal year, analysts forecast that the firm will post earnings of $6.36 per share, with EPS estimates ranging from $6.15 to $6.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Columbia Sportswear.

Columbia Sportswear (NASDAQ:COLM – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The textile maker reported $2.39 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.61. Columbia Sportswear had a return on equity of 18.64% and a net margin of 11.33%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company posted $1.44 EPS.

COLM has been the topic of several recent analyst reports. Robert W. Baird downgraded Columbia Sportswear from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $107.00 in a research report on Tuesday, January 4th. Wolfe Research lowered Columbia Sportswear to a “neutral” rating in a report on Tuesday, January 4th. Zacks Investment Research lowered Columbia Sportswear from a “buy” rating to a “hold” rating and set a $92.00 price objective on the stock. in a report on Tuesday, April 12th. Seaport Res Ptn raised Columbia Sportswear from a “neutral” rating to a “buy” rating in a report on Friday, January 28th. Finally, StockNews.com began coverage on Columbia Sportswear in a report on Thursday, March 31st. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $109.57.

COLM opened at $88.33 on Monday. Columbia Sportswear has a fifty-two week low of $83.61 and a fifty-two week high of $114.98. The business has a 50-day moving average of $91.76 and a 200-day moving average of $95.43. The company has a market capitalization of $5.70 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 1.71 and a beta of 0.90.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Friday, March 11th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.36%. This is a boost from Columbia Sportswear’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 10th. Columbia Sportswear’s payout ratio is presently 22.39%.

Large investors have recently bought and sold shares of the business. First Manhattan Co. boosted its position in shares of Columbia Sportswear by 304.9% during the third quarter. First Manhattan Co. now owns 332 shares of the textile maker’s stock worth $31,000 after buying an additional 250 shares during the period. Bedel Financial Consulting Inc. boosted its position in Columbia Sportswear by 300.0% during the fourth quarter. Bedel Financial Consulting Inc. now owns 400 shares of the textile maker’s stock valued at $39,000 after purchasing an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Columbia Sportswear in the fourth quarter valued at approximately $43,000. New York State Teachers Retirement System raised its stake in Columbia Sportswear by 653.7% in the third quarter. New York State Teachers Retirement System now owns 2,261 shares of the textile maker’s stock valued at $217,000 after buying an additional 1,961 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Columbia Sportswear by 46.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,505 shares of the textile maker’s stock valued at $240,000 after buying an additional 800 shares during the period. 53.95% of the stock is owned by hedge funds and other institutional investors.

About Columbia Sportswear (Get Rating)

Columbia Sportswear Company, together with its subsidiaries, designs, sources, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment that are used in various activities, such as skiing, snowboarding, hiking, climbing, mountaineering, camping, hunting, fishing, trail running, water sports, yoga, golf, and adventure travel.

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